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The strategic acquisition adds $19 billion of assets under administration and around 50 new employees to the existing Apex Group platform in the country

The insurers could end up under one umbrella, just not under the original proposal

Deal to buy the business outsourcing division of Jersey-headquartered MJ Hudson Plc receives regulatory approvals

Algonquin has lost a billion dollars of market value over the past month

Acquired company will continue to operate under its name and maintain its global presence

Acquiring BCCL will help Nascent Group to provide a more robust framework for service delivery

The company’s business operations in Singapore and Thailand predominantly provide motor insurance

Onex Corporation, the suitor, is an alternative asset manager with offices in Toronto, New York, New Jersey, Boston, and London

The transaction includes the full operations of the business, including underwriting, loss control and claims, and transfer of the employees supporting the business

Occam’s business is made up of two specialist MGAs focused on international space and UK terrorism and property

Regulatory approvals required to complete the previously announced deal have been received

The move brings consulting, recruitment, business and immigration services under the Artex umbrella